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Registered Number: 04997379


 

 

 

SHIELD THERMAL INSULATION LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Shield Thermal Insulation Limited
Contents Page
For the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shield Thermal Insulation Limited for the year ended 31 December 2024 which comprise the income statement, the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given to us.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of directors of Shield Thermal Insulation Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Shield Thermal Insulation Limited and state those matters that we have agreed to state to the Board of directors of Shield Thermal Insulation Limited.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shield Thermal Insulation Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Shield Thermal Insulation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit . You consider that Shield Thermal Insulation Limited is exempt from the statutory audit requirement for the year.



....................................................
Michael D Nichols Ltd
West Suite, 1 Tolherst Court,
Turkey Mill, Ashford Road,
Maidstone
Kent
ME14 5SF
26 September 2025
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 11,726    762 
11,726    762 
Current assets      
Debtors 23,825    32,237 
Cash at bank and in hand 219,137    220,993 
242,962    253,230 
Creditors: amount falling due within one year (4,638)   (6,360)
Net current assets 238,324    246,870 
 
Total assets less current liabilities 250,050    247,632 
Net assets 250,050    247,632 
 

Capital and reserves 		     
Called up share capital 4 1    1 
Profit and loss account 250,049    247,631 
Shareholders' funds 250,050    247,632 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
Andrew Shea
Director
2
General Information
Shield Thermal Insulation Limited is a private company, limited by shares, registered in , registration number 04997379, registration address 1 Ebbisham Road, Worcester Park, Surrey, KT4 8ND.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparation
Statement of compliance These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Basis of preparation The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and value added taxes.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The companys liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated capital and reserves in respect of that asset, the excess is recognised in profit or loss.


Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over the useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 January 2024 787    26,750    27,537 
Additions -    14,300    14,300 
Disposals -    (26,750)   (26,750)
At 31 December 2024 787    14,300    15,087 
Depreciation
At 01 January 2024 787    25,988    26,775 
Charge for year -    2,574    2,574 
On disposals -    (25,988)   (25,988)
At 31 December 2024 787    2,574    3,361 
Net book values
Closing balance as at 31 December 2024 -    11,726    11,726 
Opening balance as at 01 January 2024 -    762    762 


4.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
1 Class A share of £1.00 each 1    1 
1    1 

3